China's Xingtai Iron and Steel to Begin Steel-Plant Capacity Replacement

---

Researched by Industrial Info Resources (Sugar Land, Texas)--Xingtai Iron & Steel Company Limited (Hebei, China) will invest 13.2 billion yuan (US$1.9 billion) in a steel-plant project that involves closing and replacing three smelting-reduction furnaces, three 100-ton electric furnaces and other supporting facilities.

Construction is scheduled to begin in the second quarter of this year, and production is expected in 2024. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here to see related project reports, and click here for a plant profile.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).